August 29, 2014

Company announcements: PANAMY, MELEWAR, MAS, DUTALND, SIME, BJLAND, LIONIND

PANAMY - Change in Boardroom

Announcement Type: Change in Boardroom
Company NamePANASONIC MANUFACTURING MALAYSIA BERHAD  
Stock Name PANAMY  
Date Announced29 Aug 2014  
CategoryChange in Boardroom
Reference NoCA-140828-82557

Date of change29/08/2014
NameRaja Dato’ Seri Abdul Aziz bin Raja Salim
Age75
NationalityMalaysian
Type of changeRetirement
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
QualificationsN/A 
Working experience and occupation N/A 
Directorship of public companies (if any)N/A 
Family relationship with any director and/or major shareholder of the listed issuerN/A 
Any conflict of interests that he/she has with the listed issuerN/A 
Details of any interest in the securities of the listed issuer or its subsidiariesN/A 


PANAMY - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NamePANASONIC MANUFACTURING MALAYSIA BERHAD  
Stock Name PANAMY  
Date Announced29 Aug 2014  
CategoryChange in Audit Committee
Reference NoCA-140829-95852

Date of change29/08/2014
NameRaja Dato’ Seri Abdul Aziz bin Raja Salim
Age75
NationalityMalaysian
Type of changeRetirement
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsN/A 
Working experience and occupation N/A 
Directorship of public companies (if any)N/A 
Family relationship with any director and/or major shareholder of the listed issuerN/A 
Any conflict of interests that he/she has with the listed issuerN/A 
Details of any interest in the securities of the listed issuer or its subsidiariesN/A 
Composition of Audit Committee (Name and Directorate of members after change)Razman Hafidz bin Abu Zarim
(Independent Non-Executive Director)
Datuk Supperamaniam a/l Manickam
(Independent Non-Executive Director)
Tan Sri Hasmah Binti Abdullah
(Independent Non-Executive Director)
Toshiro Okamoto
(Non-Independent Non-Executive Director)


PANAMY - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NamePANASONIC MANUFACTURING MALAYSIA BERHAD  
Stock Name PANAMY  
Date Announced29 Aug 2014  
CategoryChange in Audit Committee
Reference NoCA-140829-32258

Date of change01/09/2014
NameRazman Hafidz bin Abu Zarim
Age59
NationalityMalaysian
Type of changeAppointment
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
QualificationsJoint-Honours Degree in Economics and Accounting, BSc (Econ) from University College, Cardiff, University of Wales. 
Working experience and occupation Encik Razman has more than 35 years experience in the fields of auditing, mergers and acquisitions, corporate finance and management consulting. He has worked with chartered accountancy firms in UK, where he was admitted as an Audit Partner in 1987.In Malaysia, he was the Partner-in-charge of the Management Consulting Practice of Price Waterhouse (now known as PricewaterhouseCoopers). In 1994, he established Norush Sdn Bhd, an investment holding and business advisory firm where he is the Chairman.

He is currently the Independent Chairman of Tune Ins Holdings Berhad and Sumitomo Mitsui Banking Corporation Malaysia Berhad.He holds independent directorships in Linde Malaysia Holdings Berhad and Yeo Hiap Seng Limited, a company listed on the Singapore Stock Exchange. 
Directorship of public companies (if any)Linde Malaysia Holdings Berhad, Sumitomo Mitsui Banking Corporation Malaysia Berhad and Tune Ins Holdings Berhad. 
Family relationship with any director and/or major shareholder of the listed issuerNone 
Any conflict of interests that he/she has with the listed issuerNone 
Details of any interest in the securities of the listed issuer or its subsidiariesNone  
Composition of Audit Committee (Name and Directorate of members after change)Razman Hafidz bin Abu Zarim (Chairman)
(Independent Non-Executive Director)
Datuk Supperamaniam a/l Manickam
(Independent Non-Executive Director)
Tan Sri Hasmah Binti Abdullah
(Independent Non-Executive Director)
Toshiro Okamoto
(Non-Independent Non-Executive Director)


MELEWAR - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameMELEWAR INDUSTRIAL GROUP BERHAD  
Stock Name MELEWAR  
Date Announced29 Aug 2014  
CategoryGeneral Announcement
Reference NoCM-140827-34412

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionMELEWAR INDUSTRIAL GROUP BERHAD ("MIG" or "the Company")
- PROVISION OF FINANCIAL ASSISTANCE PURSUANT TO PARAGRAPH 8.23(1)(ii) AND PRACTICE NOTE 11 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad as a continuing disclosure obligation, the Board of Directors of MIG wishes to announce that the aggregate amount of financial assistance provided by MIG to Mycron Steel CRC Sdn Bhd (“MSCRC”), a wholly-owned subsidiary of Mycron Steel Berhad (“MSB”), who in turn is a 54.8% owned subsidiary of MIG, in the form of a corporate guarantee issued in favour of SK Networks Co., Ltd (“SKN”) on 08 November 2013 and expiring on 30 September 2014 as security for the credit-sales facility granted by SKN to MSCRC as at 30 June 2014 remains unchanged at the maximum of sum of USD14.0 million.

The provision of the financial assistance does not have any material effect on the net assets, earnings per share, gearing, share capital and substantial shareholders’ shareholdings in MIG and its subsidiaries for the quarter ended 30 June 2014.

This announcement is dated 29 August 2014.



MAS - OTHERS MALAYSIAN AIRLINE SYSTEM BERHAD (“MAS” OR “COMPANY”) PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTIONS 60 AND 64 OF THE COMPANIES ACT, 1965 (“ACT”) (“PROPOSED SCR”)

Announcement Type: General Announcement
Company NameMALAYSIAN AIRLINE SYSTEM BERHAD  
Stock Name MAS  
Date Announced29 Aug 2014  
CategoryGeneral Announcement
Reference NoMM-140829-62938

TypeAnnouncement
SubjectOTHERS
DescriptionMALAYSIAN AIRLINE SYSTEM BERHAD (“MAS” OR “COMPANY”)

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE PURSUANT TO SECTIONS 60 AND 64 OF THE COMPANIES ACT, 1965 (“ACT”) (“PROPOSED SCR”)

We refer to the announcement dated 8 August 2014 in relation to the Proposed SCR.

On behalf of the Board of Directors of MAS (“Board”), CIMB wishes to announce that on 29 August 2014, the Board received a letter from Khazanah Nasional Berhad (“Khazanah”) in relation to a proposed restructuring of MAS (“Proposed Restructuring”) and a proposed investment by Khazanah in MAS to facilitate the Proposed Restructuring (“Proposed Investment”) (“Khazanah Letter”).

The Proposed Investment is estimated to total up to RM6 billion (inclusive of funding required for the Proposed SCR). The disbursements of funds to MAS pursuant to the Proposed Investment, will be undertaken between 1 December 2014 and 31 December 2016 across three phases and are conditional on the implementation and completion of certain key initiatives by MAS. The detailed terms of the Proposed Investment are to be set out in an agreement to be entered into by Khazanah and MAS.

The Proposed Restructuring and the Proposed Investment are conditional on the successful completion of the Proposed SCR and the delisting of MAS from the Official List of the Main Market of Bursa Malaysia Securities Berhad.

Further, Khazanah had, on even date, issued a press release in relation to the Proposed Restructuring (“Khazanah Press Release”).

For further details on the above, please find attached the following:

(i) Khazanah Letter;

(ii) Khazanah Press Release;

(iii) The summary report entitled Rebuilding a National Icon: The MAS Recovery Plan” announced by Khazanah; and

(iv) a press release from the Board in response to the above.

This announcement is dated 29 August 2014.



MAS - MAS- RESUMPTION OF TRADING

Announcement Type: Listing Circular
Company NameMALAYSIAN AIRLINE SYSTEM BERHAD  
Stock Name MAS  
Date Announced29 Aug 2014  
CategoryListing Circular
Reference NoCY-140829-63952

LISTING'S CIRCULAR NO. L/Q : 71394 OF 2014

Kindly be advised that trading in the above Company's securities will resume with effect from 9.00 a.m., Tuesday, 2 September 2014.

Your attention is drawn to the Company's announcements dated 29 August 2014.


DUTALND - Quarterly rpt on consolidated results for the financial period ended 30/6/2014

Announcement Type: Financial Results
Company NameDUTALAND BERHAD  
Stock Name DUTALND  
Date Announced29 Aug 2014  
CategoryFinancial Results
Reference NoD--140828-57281

Financial Year End30/06/2014
Quarter4
Quarterly report for the financial period ended30/06/2014
The figureshave not been audited
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/06/2014

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/06/2014
30/06/2013
30/06/2014
30/06/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
15,471
13,785
60,423
58,268
2Profit/(loss) before tax
33,698
-3,838
75,937
-19,246
3Profit/(loss) for the period
33,451
-4,138
73,911
-20,539
4Profit/(loss) attributable to ordinary equity holders of the parent
33,835
-2,978
75,870
-18,562
5Basic earnings/(loss) per share (Subunit)
4.00
-0.36
8.97
-2.78
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0000
0.9300
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


SIME - PROVISION OF FINANCIAL ASSISTANCE

Announcement Type: General Announcement
Company NameSIME DARBY BERHAD  
Stock Name SIME  
Date Announced29 Aug 2014  
CategoryGeneral Announcement
Reference NoSD-140825-F073E

TypeAnnouncement
SubjectPROVISION OF FINANCIAL ASSISTANCE
DescriptionProvision of Financial Assistance

1. Letter of Indemnity

Sime Darby Berhad (Sime Darby or the Company) had, on 27 February 2008, announced that it had during the quarter ended 31 December 2007, issued a Letter of Indemnity to the Directors of Sarawak Hidro Sdn Bhd (Sarawak Hidro) to indemnify them from all consequences, liabilities, damages or losses which they may suffer as a result of their agreeing to Sarawak Hidro providing financial assistance to the Malaysian-China Hydro Joint Venture (MCH JV) for the completion of the CW2 Package for the main civil works for the Bakun Hydroelectric Project by the MCH JV.

The said Letter of Indemnity is still subsisting but it will have no material financial impact on the Sime Darby Group unless it is called upon.

In consideration of Sime Darby providing the Letter of Indemnity to the Directors of Sarawak Hidro as aforementioned, the following parties in the MCH JV have given counter guarantees and indemnities to Sime Darby, proportionate to their respective interests in the MCH JV:

i. Sime Engineering Sdn. Bhd.

ii. Sinohydro Corporation

iii. WCT Engineering Berhad

iv. MTD Capital Berhad.

Sime Darby, through its indirectly owned subsidiary Sime Engineering Sdn Bhd, has an effective interest of 35.7% in the MCH JV.

2. Cash Advance

Sime Engineering Sdn Bhd (SE) had on 7 March 2012, agreed to fund approximately RM30 million progressively based on projected monthly requirement, to the MCH JV. The cash funding is required to meet overheads and third party sub-contractors payment requirements. To-date, there is no cash advance outstanding from MCH JV.

Following the completion of the CW2 Package for the main civil works for the Bakun Hydroelectric Project by the MCH JV, the cash funding by SE is no longer required.

This announcement is dated 29 August 2014.



BJLAND - Annual Audited Accounts - 30 April 2014

Announcement Type: PDF Submission
Company NameBERJAYA LAND BERHAD  
Stock Name BJLAND  
Date Announced29 Aug 2014  
CategoryPDF Submission
Reference NoBB-140829-41835

SubjectAnnual Audited Accounts - 30 April 2014

Attachments

BLB FY2014 FS.pdf
1227 KB






LIONIND - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameLION INDUSTRIES CORPORATION BERHAD  
Stock Name LIONIND  
Date Announced29 Aug 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoLI-140829-38230

Date of buy back29/08/2014
Description of shares purchasedOrdinary shares of RM1.00 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)500,000
Minimum price paid for each share purchased ($$)0.645
Maximum price paid for each share purchased ($$)0.650
Total consideration paid ($$)325,520.03
Number of shares purchased retained in treasury (units)500,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)1,814,000
Adjusted issued capital after cancellation
(no. of shares) (units)
 
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)0.253


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